Stephen P. Mullery Sells 2,472 Shares of Federal Agricultural Mortgage Co. (NYSE:AGM) Stock

Federal Agricultural Mortgage Co. (NYSE:AGM) EVP Stephen P. Mullery sold 2,472 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $182.28, for a total transaction of $450,596.16. Following the completion of the sale, the executive vice president now owns 22,045 shares in the company, valued at $4,018,362.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Federal Agricultural Mortgage Stock Up 0.7 %

AGM stock traded up $1.31 on Tuesday, hitting $182.94. 44,900 shares of the company’s stock were exchanged, compared to its average volume of 56,370. The firm has a 50 day moving average price of $192.93 and a two-hundred day moving average price of $186.13. Federal Agricultural Mortgage Co. has a 12-month low of $140.44 and a 12-month high of $217.60. The stock has a market cap of $1.99 billion, a P/E ratio of 11.09, a price-to-earnings-growth ratio of 1.62 and a beta of 1.04. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.49 and a current ratio of 0.49.

Federal Agricultural Mortgage (NYSE:AGM) last posted its quarterly earnings data on Monday, August 5th. The credit services provider reported $3.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.09 by ($0.46). The company had revenue of $406.23 million for the quarter, compared to analyst estimates of $91.77 million. Federal Agricultural Mortgage had a net margin of 13.28% and a return on equity of 20.88%. During the same quarter last year, the company earned $3.86 EPS. As a group, equities research analysts expect that Federal Agricultural Mortgage Co. will post 16.19 EPS for the current fiscal year.

Federal Agricultural Mortgage Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be issued a dividend of $1.40 per share. This represents a $5.60 dividend on an annualized basis and a dividend yield of 3.06%. The ex-dividend date of this dividend is Monday, September 16th. Federal Agricultural Mortgage’s dividend payout ratio (DPR) is presently 34.15%.

Hedge Funds Weigh In On Federal Agricultural Mortgage

Several hedge funds have recently made changes to their positions in AGM. Riverwater Partners LLC lifted its position in Federal Agricultural Mortgage by 0.9% during the 1st quarter. Riverwater Partners LLC now owns 11,476 shares of the credit services provider’s stock worth $2,259,000 after acquiring an additional 104 shares during the period. Inspire Investing LLC lifted its holdings in shares of Federal Agricultural Mortgage by 6.9% during the second quarter. Inspire Investing LLC now owns 1,962 shares of the credit services provider’s stock worth $355,000 after purchasing an additional 126 shares during the period. SG Americas Securities LLC boosted its position in Federal Agricultural Mortgage by 9.8% in the second quarter. SG Americas Securities LLC now owns 1,439 shares of the credit services provider’s stock valued at $260,000 after buying an additional 128 shares during the last quarter. ProShare Advisors LLC increased its holdings in Federal Agricultural Mortgage by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 1,640 shares of the credit services provider’s stock worth $323,000 after buying an additional 129 shares during the period. Finally, Sunbelt Securities Inc. raised its position in Federal Agricultural Mortgage by 194.2% during the 1st quarter. Sunbelt Securities Inc. now owns 203 shares of the credit services provider’s stock worth $40,000 after buying an additional 134 shares during the last quarter. 68.03% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods restated a “market perform” rating and issued a $215.00 target price on shares of Federal Agricultural Mortgage in a research note on Tuesday, August 6th.

Federal Agricultural Mortgage Company Profile

Federal Agricultural Mortgage Corporation provides a secondary market for various loans made to borrowers in the United States. It operates through four segments: Corporate AgFinance, Farm & Ranch, Rural Utilities, and Renewable Energy. The company's Agricultural Finance line of business engages in purchasing and retaining eligible loans and securities; guaranteeing the payment of principal and interest on securities that represent interests in or obligations secured by pools of eligible loans; servicing eligible loans; and issuing LTSPCs for eligible loans.